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Have an thought … Authorities will assist; Startups can apply for the Innovation Grant scheme



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State Authorities to help startups and entrepreneurs to show revolutionary concepts into higher ventures. Kerala Startup Mission (KSUM) has invited purposes for the Innovation Grant Scheme, a part of the Kerala Startup Innovation Drive. Helps start-ups at varied levels akin to Thought Grant, Manufacturing Grant and Scale Up Grant. Startups with KSUM’s distinctive ID can apply.

An thought grant of Rs 2 lakh will probably be supplied to prototype the very best concepts. It will also be used to develop finish merchandise for startups and enterprises that personal MVP or prototype. Earlier Thought Grant recipients can’t apply. Manufacturing Grant of Rs. 7 lakhs for many who are making ready to launch the ultimate product. Those that need extra funding, product growth and revenue through the development section can get a scale up grant of as much as Rs 12 lakh
A panel of specialists will put together a shortlist of candidates. Chosen startups have to be introduced to a panel of specialists. The ultimate choice is predicated on the advice of the committee. Final date to use: 23. The shortlist will probably be launched on November 1. For data: www.bit.ly/ksuminnovdrive.

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